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boehner addressed the budget cuts to the pentagon and some programs that will begin next year. both republicans and democrats have said they will try to avoid those so-called fiscal cliff budget cuts at all costs. >>> the day after the election wall street took a beating. [ bell ] >> the white house is staying blue but stocks were in the red. the dow is down 312 to 12,932. its 81st worst day of the year. take a look. the dow lost 313 points today. the day after president obama was elected in 2008 it dropped 486 points. the market always doesn't move down following presidential elections. when bill clinton was reelected it rose 96 points. >>> voters approved a sales tax increase to fund county programs. it would raise $50 million each year for programs like the medical center and public health and welfare. san jose's minimum wage will increase from $8 to $10 an hour. voters approved measure d. it will take effect 90 days after results are certified. san jose measure e passed. it allows them to expand the number of tables over the next two years and allows card rooms to offer gam
boehner addressed the budget cuts to the pentagon and some programs that will begin next year. both republicans and democrats have said they will try to avoid those so-called fiscal cliff budget cuts at all costs. >>> the day after the election wall street took a beating. [ bell ] >> the white house is staying blue but stocks were in the red. the dow is down 312 to 12,932. its 81st worst day of the year. take a look. the dow lost 313 points today. the day after president obama...
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Nov 9, 2012
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. >> greta: tonight, speaker of the house, john boehner reaches out to president obama. what does president obama do? he makes travel plans to leave the country. go figure am meanwhile, we are dangerously close to the edge of the fiscal cliff. >> folks, what is going to happen in the next four years fobama is true to form, that's the problem here. the mechanism for recovery is isn't going to be there. >> raising taxes on small business people is the wrong prescription, given where our economy is. >> is it on the table to talk about it -- the wealthier americans -- >> i made it clear yesterday, raising tax rates is unacceptable and it couldn't even pass the house. >> i would like a real republican party to am come back because the democrats need to have their feet held to the fire, also. but you need to have -- [overlapping dialogue] >> you can't have crazies running a party. on both sides. >> by the way, california is where we are head audio california is almost, folks, a microcosm of where the country is headed. >> i mean if they are balkanized out there, it's a bunch o
. >> greta: tonight, speaker of the house, john boehner reaches out to president obama. what does president obama do? he makes travel plans to leave the country. go figure am meanwhile, we are dangerously close to the edge of the fiscal cliff. >> folks, what is going to happen in the next four years fobama is true to form, that's the problem here. the mechanism for recovery is isn't going to be there. >> raising taxes on small business people is the wrong prescription, given...
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Nov 12, 2012
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congressman van hollen, john boehner offered a compromise this week where he said yes, i am willing to put more revenue on the table but through closing deductions, ending loopholes, not through raising rates. can you accept a compromise as part of this whole deal that doesn't raise the bush tax rate on the wealthy? >> well, here is the issue. how much revenue are we going to generate part of a balanced package? i take my lead on this from simpson-bowles and their framework. in their framework, they assume the amount of revenue as if you started tax reform from a 3% rate. that is part -- 39% rate. that's part of their built-in assumption. i am all for doing tax reform. the issue is from what starting point. the simpson-bowles starting point which assumes the revenue from 39% is the right way to go to get the mix that they got in hitting their deficit reduction target. but look, if what the speaker boehner was saying is that he is truly willing to get what we consider congressional budget office revenue, we can work with one another. if what he is saying is what a lot of republicans use
congressman van hollen, john boehner offered a compromise this week where he said yes, i am willing to put more revenue on the table but through closing deductions, ending loopholes, not through raising rates. can you accept a compromise as part of this whole deal that doesn't raise the bush tax rate on the wealthy? >> well, here is the issue. how much revenue are we going to generate part of a balanced package? i take my lead on this from simpson-bowles and their framework. in their...
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Nov 10, 2012
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and to john boehner. >> i'm hope to compromise. i'm hope to new ideas. i'm committed to solving our fiscal challenge. but, i refuse to accept any approach that isn't balanced. >> and i'm not going to ask students and seniors and middle class families to pay down the entire deficit whole people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm the not going to do that. >> instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. let's focus on tax reform that closes special interest loopholes and lowers tax rates, instead of accepting arbitrary cuts that will endanger our national defense, let's get serious about shoring up the entitlement programs the drivers of our country's massive growing debt. 2013 should be the year to solve our debt through tax reform and entitlement reform. >> dave: what boehner said, this is an opportunity for the president to lead. this is his moment. if there's one criticism that sticks to the president for the firs
and to john boehner. >> i'm hope to compromise. i'm hope to new ideas. i'm committed to solving our fiscal challenge. but, i refuse to accept any approach that isn't balanced. >> and i'm not going to ask students and seniors and middle class families to pay down the entire deficit whole people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm the not going to do that. >> instead of raising tax rates on the american people and accepting the damage it...
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Nov 14, 2012
11/12
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john boehner about a year and a half ago stopped about 800 alien dollars worth of revenue through tax reform. republicans won't give a number now but they want tax reform and an overhau overhauled the entirm to generate new revenue. there was talk about this yesterday with treasury secretary commissioner who said to that idea pretty much forgot about it. >> there is a lot of magical thinking about how much money can raise from tax adventures. people will look at that question and concluded i think incorrectly that there is a huge amount of resources. i think that is untrue. >> a dozen of ceos meet with the president and a couple of hours from now after the president's news conference at 1:30. a number of these executives have been to the white house before. members of the export council, jobs council, ceo of of ge, tao, ford, also say what the white house on the different councils in some form or another. cheryl: we will be taken the tae news conference from the president lives and the ceo will have something to chew on afterwards. thank you very much. dennis: might get a little awkwa
john boehner about a year and a half ago stopped about 800 alien dollars worth of revenue through tax reform. republicans won't give a number now but they want tax reform and an overhau overhauled the entirm to generate new revenue. there was talk about this yesterday with treasury secretary commissioner who said to that idea pretty much forgot about it. >> there is a lot of magical thinking about how much money can raise from tax adventures. people will look at that question and...
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gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we have in the economy right now is businesses aren't inch investigating, they are not expand -lg your operations. can you think of a worst time to raise the tax rate on investment when investment went negative in the last quarter? if businesses are not investing they can't hire more workers and i agree with doug it could cause a ou double-dip recession. gregg: if you force higher income americans to pay more in taxes not through increasing their tax rates but rather closing the loopholes, deductions, credits and so on and so forth, that is still a net increase on that important sector. so how is th
gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we...
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Nov 8, 2012
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speaker of the house john boehner discussed the issue. gop leaders made it clear they will not support an increase in the tax rate for any american, including top earners. >> we are willing to accept new revenue under the right conditions. what matters is where the increase comes from and what type of reform comes with it. >> budget for the pentagon and other programs will be slashed next year. republicans and democrats said they will try to avoid that at all costs. we found while it could spell financial disaster, many people don't know what the fiscal cliff means to them. ktvu's tom vacar is live with how the outcome could effect all of us. >> reporter: the railroad is upgrading the tracks. but we are near the fiscal cliff. >> reporter: do you know what the fiscal cliff is? >> i don't. >> reporter: do you know what the fiscal cliff is? >> the fiscal cliff? no. i haven't heard of that. >> i haven't a clue what a fiscal cliff is. >> never heard of that term. >> reporter: you will and soon. >> enormous changes that are scheduled to happen
speaker of the house john boehner discussed the issue. gop leaders made it clear they will not support an increase in the tax rate for any american, including top earners. >> we are willing to accept new revenue under the right conditions. what matters is where the increase comes from and what type of reform comes with it. >> budget for the pentagon and other programs will be slashed next year. republicans and democrats said they will try to avoid that at all costs. we found while...
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Nov 12, 2012
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let's talk about taxes, which has gotten most of the attention, congressman van hollen, john boehner offered a compromise this week and he said, yes, i'm willing to put more revenue on the table, but, through closing deductions and ending loopholes, not through raising rates. can you accept a compromise as part of this whole deal, that doesn't raise the bush tax rate on the wealthy? >> well, here's the issue. how much revenue are we going to generate as part of the balanced package and i take my lead from simpson-bowles in their framework and they assume the amount of revenue as if you started tax reform from a 39% rate. that is part of their built-in assumption and i'm all for doing tax reform. the issue is, from what starting point. and i think the simpson-bowles starting point, which assumes that revenue from 39%, is the right way to go to get the next they got in hitting the deficit reduction target and if what speaker boehner was saying, he is truly willing to get what we consider congressional budget office scorable revenue, then we can begin to work with one another. if what w
let's talk about taxes, which has gotten most of the attention, congressman van hollen, john boehner offered a compromise this week and he said, yes, i'm willing to put more revenue on the table, but, through closing deductions and ending loopholes, not through raising rates. can you accept a compromise as part of this whole deal, that doesn't raise the bush tax rate on the wealthy? >> well, here's the issue. how much revenue are we going to generate as part of the balanced package and i...
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Nov 8, 2012
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washington, john boehner acknowledged that the political winds may be shifting. >>pam: stay with us for, but continued coverage. >> if there is a mandate in yesterday's results it is a mandate for a to find a way to work together on solutions to the challenges we face together as a nation. pam banff if www.kron4.com for the latest election coverage. >>pam: www.kron4.com for the latest stay with us for continued election coverage. >>jacqueline: t-shirts yesterday and now, jeans today. there is rain to the north and notice the cloud pattern is spotty not very organized. for tomorrow and wednesday and also this indicates on stable patterns. near the coast. if that is exactly what we have with-on stabl and unstabe... air patterns. the chance for storms will remain with us tomorrow and friday but drier weather on tap for the weekend. we will talk to what the weekend, coming up. >>pam: developing news in the east bay an emergency meeting of trussing the violent crime in the oakland hills. reggie kumar joins us live. reggie? >>pam: reggie? >> this is that the presbyteri
washington, john boehner acknowledged that the political winds may be shifting. >>pam: stay with us for, but continued coverage. >> if there is a mandate in yesterday's results it is a mandate for a to find a way to work together on solutions to the challenges we face together as a nation. pam banff if www.kron4.com for the latest election coverage. >>pam: www.kron4.com for the latest stay with us for continued election coverage. >>jacqueline: t-shirts yesterday and now,...
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already mitch mcconnell, john boehner and the posturing of with their corn to go. this summer, the grand bargain if they had some heavy debt reduction of revenue increases in taxes. the expiring borscht tax cuts that are on the table. the question is that john boehner is playing good cop and mitch mcconnell is plain bad cop. but they're not saying much different and what they have said from last summer. >> this is where the leadership passed to come into play were if there is corralling. and hurricane santee of the northern northeast corridor in now with another storm. what about that. there are two different sections that they have to do disaster relief for sandy to budget the money for fema and the second will be follow up. so there are not conditions on valley forge staten island. >> and also that administration. we are looking at the present administration. the secretary of state, and leon panetta is going to step down. treasury. and also he is leaving and commerce has been taken for a while. basically, in washington d.c. what most of the county is saying that
already mitch mcconnell, john boehner and the posturing of with their corn to go. this summer, the grand bargain if they had some heavy debt reduction of revenue increases in taxes. the expiring borscht tax cuts that are on the table. the question is that john boehner is playing good cop and mitch mcconnell is plain bad cop. but they're not saying much different and what they have said from last summer. >> this is where the leadership passed to come into play were if there is corralling....
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i believe if you let john boehner be john boehner he would make a good deal for the country. but if tea party continues and prevent them from leading thon issue and compromising where he has to then i think they're in more trouble than they are today. host: is this a reagan move? guest: that's a classic example i think. they had a great relationship and they didn't compromise their principles. ronald reagan didn't throw his principles out the window. he was willing to sit down. ronald reagan he raised taxes seven out of eight es years he was in the white house. and in honor of ronald reagan we have to sign a pledge never to raise taxes. that's caca. how about barack obama and chris christie, it's possible for them to work together and that's what the american people want. host: nancy me loss si fell short of recapturing the house the democrats picking up seven seats. i'm wondering if she's going to step down or a leadership fight within the party. guest: nancy is a great leader and a long time friend of mine. another former chair of the democratic party by the way. i don't kn
i believe if you let john boehner be john boehner he would make a good deal for the country. but if tea party continues and prevent them from leading thon issue and compromising where he has to then i think they're in more trouble than they are today. host: is this a reagan move? guest: that's a classic example i think. they had a great relationship and they didn't compromise their principles. ronald reagan didn't throw his principles out the window. he was willing to sit down. ronald reagan he...
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the question is, this is -- i think a lot of it is on john boehner and mitch mcconnell. can they say to the base of the party, we need to make this deal. it is good for us politically. it is good for the country policy wise, and we need to move on, or do the grovers of the world win out? >> david, thank you very much. chris cillizza. coming up, more fallout from the david petraeus situation. we'll talking to david ignatius. hey sis, it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. over time, the other premium pac can leave cloudy, hard water deposits, but cascade complete pacs help leave glasses sparkling. shiny! too bad it doesn't work on windows. okay, i'm outta here. more dishwasher brands in north america recommend cascade. in north america is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a l
the question is, this is -- i think a lot of it is on john boehner and mitch mcconnell. can they say to the base of the party, we need to make this deal. it is good for us politically. it is good for the country policy wise, and we need to move on, or do the grovers of the world win out? >> david, thank you very much. chris cillizza. coming up, more fallout from the david petraeus situation. we'll talking to david ignatius. hey sis, it's so great to see you. you, too! oh, cloudy glasses....
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house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce the deficit only by 7%. that is 7% out of $1.1 trillion. in many ways is the president's solution more of an illusion? >> he is trying to sell this as a matter of fairness. he seems to be making progress politically on that front. you have a good point. another good question, there isn't any theory this would help the economy. the estimates are it would hurt this the economy. is now the right time for that? people are still hurting out there. >> gregg: the president is claiming, you heard him say this -- he has a mandate for raising taxes. i'll quote him. he said o
house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce...
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mitch mcconnell has certainly got john boehner's back. he agrees. he says, quote, one issue i've never been conflicted about is taxes. i wasn't sent to washington to raise anybody's taxes to pay for more wasteful spending. and this election doesn't change my principles. that the president and the folks in the white house have to think about. since they are intent on raising taxes, the congressional budget office says hold the phone. not so fast because if the taxes all get hiked up as they're going to at the end of the year unless there is some sort of a change and they come to an agreement, there would wind up being a recession in this country one year from right now, unemployment would be above 9% and the economy, they say, would contract by about a half a percent when it comes to the gdp. those are two very sobering numbers. in other words, if they can figure a way to do something about the debt problem and also about stuff we were just talking about right there, you know, as we got up to the cliff, we'll have a way down. but you've got to addres
mitch mcconnell has certainly got john boehner's back. he agrees. he says, quote, one issue i've never been conflicted about is taxes. i wasn't sent to washington to raise anybody's taxes to pay for more wasteful spending. and this election doesn't change my principles. that the president and the folks in the white house have to think about. since they are intent on raising taxes, the congressional budget office says hold the phone. not so fast because if the taxes all get hiked up as they're...
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john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring, and the president said that 250,000 below, he wants that extended, but for those making more than 250, will the bush tax cuts come to an end? >> i don't think so. i think actually the they won't come to an end because the democrats don't want major reduction in spending, if you hit the cliff, the spending would go down and politicians love to spend money. an extension of the bush tax cuts, less we're blessed by the relatively few, jeff baso, the late steve jobs, you want to remove the barriers to their production, not raise them. >> mike: john, we're not going over this cliff, ar
john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring,...
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Nov 15, 2012
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the president's chief negotiating adversary right now, speaker john boehner who was re-elected by house republicans yesterday said they're not ready to accept the president's proposal because it would, quote, hurt our economy and make jobs more difficult. but he also sounded the kumbaya theme. >> now, i do think that the spirit of cooperation that you've seen over the last week, from myself and my team. from democrats across the aisle. from the president. have created an atmosphere where i think that, i remain optimistic. >> folks, there are a lot closer than sometime the bravadoish headlines seem to make clear. this is really about what can boehner take to 50 to 100 house republicans who are willing to temporarily potentially raise some tax rates on some group of wealthier americans? >>> by the way, after $6 billion spent on house senate and presidential campaign, not only did party control not change for the house, senate and white house. but the individual leaders who will begin the negotiations tomorrow, it's the exact group of people. there are some personnel changes but not on tha
the president's chief negotiating adversary right now, speaker john boehner who was re-elected by house republicans yesterday said they're not ready to accept the president's proposal because it would, quote, hurt our economy and make jobs more difficult. but he also sounded the kumbaya theme. >> now, i do think that the spirit of cooperation that you've seen over the last week, from myself and my team. from democrats across the aisle. from the president. have created an atmosphere where...
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Nov 11, 2012
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the speaker of the house, john boehner says we don't have a tea party caucus. with congressman allen west on the edge of defeat and a barely win for michele bachmann, we want to know if you agree with the speaker. moving forward, do you think the tea party is rel vapt, helpful or harmful to the gop? tweet us your answers. did. we will reads your responses, later on throughout at this time show. we honor members of the military for their service to our country. some of them having made the ultimate sacrifice. ceremonies honoring our nation's heroes will happen all over the country. the vietnam memorial will be a gathering place for the annual day of remembrance. we go to sent cent, live on the scene. >> reporter: right. a ceremony gets underway here in just a little while. the secretary of veterans affairs will be the main speaker here. but really, the centerpiece is the wall itself. the vietnam veterans memorial, which is one of the major attractions in washington, d.c. to memorialize the 58,000 people who were killed in the vietnam war. their names carved in b
the speaker of the house, john boehner says we don't have a tea party caucus. with congressman allen west on the edge of defeat and a barely win for michele bachmann, we want to know if you agree with the speaker. moving forward, do you think the tea party is rel vapt, helpful or harmful to the gop? tweet us your answers. did. we will reads your responses, later on throughout at this time show. we honor members of the military for their service to our country. some of them having made the...
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. >> the president's remarks came just hours after house speaker john boehner did his own version of setting the table locking up the good silver and cooking up a romneyesque scheme for more revenue without raising rates on upper income taxpayers. >> i don't want to box myself in, i don't want to box anybody else in. it's clear that there are a lot of special interests loopholes in the tax code, both corporate and personal. there are all kinds of deductions. some of which make sense, others don't, and by lowering rates and cleaning up the tax code, we know that we're going to get more economic growth. >> in other words, mitt's legacy lives on, but what about that electoral trouncing of the republican candidate just this past tuesday? >> it's clear that as a political party we've got some work to do, and i think the principles of our party are sound. but how we talk about wholt we are as a party is clearly conversations are under way and will continue. >> i see. it's not the policy, it's a just how we talk about how we talk about the gop. okay, great. let's get right to our panel in w
. >> the president's remarks came just hours after house speaker john boehner did his own version of setting the table locking up the good silver and cooking up a romneyesque scheme for more revenue without raising rates on upper income taxpayers. >> i don't want to box myself in, i don't want to box anybody else in. it's clear that there are a lot of special interests loopholes in the tax code, both corporate and personal. there are all kinds of deductions. some of which make...
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Nov 13, 2012
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martha: major challenges ahead for congress over the next seven weeks, what house speaker john boehner faces as he tries to unify a deeply divided republican party, and all over congress they are deeply divided. he's trying to find compromise with the president before the country's finances go over the fiscal cliff. my credit card rewards are easy to remember. with the bankamericard cash wards credit card, i earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas! no hoops to jump through. i earn more cash back on the things i buy most. [ woman in pet store ] it's as easy as... [ all ] one! -two. -[ all ] three! [ male announcer ] the bankamericard cash rewards credit card. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, th
martha: major challenges ahead for congress over the next seven weeks, what house speaker john boehner faces as he tries to unify a deeply divided republican party, and all over congress they are deeply divided. he's trying to find compromise with the president before the country's finances go over the fiscal cliff. my credit card rewards are easy to remember. with the bankamericard cash wards credit card, i earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on...
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Nov 14, 2012
11/12
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KRCB
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that came after talks broan down between the president and house speaker john boehner. senator collins told the newshour today that she's optimistic lawmakers can still strike a deal and stave off the spending cuts. >> so this has to be done carefully. i think the president's right that -- and i've said this for a long time -- that we have to look at both revenues and spending. but there needs to be compromise on both sides. >> woodruff: but mcconnell said the president needs to put a proposal on the table if any agreement is going to pass. >> the time for the president to lead is now. that means offering a concrete plan that takes into account the facthatalf the congo poses tax hikes. >> woodruff: on the democratic side house minority leader nancy pelosi rejected calls by some in the party who have argued for letting the country go over the cliff to get a better deal. >> i want you to be disabused of any notion that there's any widespread thought that it would be a good as a country for us to go over the cliff. we want an agreement. we want an agreement. >> woodruff: l
that came after talks broan down between the president and house speaker john boehner. senator collins told the newshour today that she's optimistic lawmakers can still strike a deal and stave off the spending cuts. >> so this has to be done carefully. i think the president's right that -- and i've said this for a long time -- that we have to look at both revenues and spending. but there needs to be compromise on both sides. >> woodruff: but mcconnell said the president needs to put...
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president obama and house speaker john boehner appear to be drawing lines in the sand on that looming fiscal cliff. big tax hikes and spending cuts that could take effect at the end of the year if they can't find a compromise. >>> also, it sounds crazy, but apparently it's real. you'll meet some people who are addicted to the internet. >>> and with prices skyrocketing at the super market, we have tips on stretching your dollar and making your groceries last longer. >>> and speaking of money, famous women making it fashionable to recycle outfits. >>> i wore this suit six weeks ago, okay? >> and a poodle mix that was rescued from a trash heat and who is blind. i watched this piece earlier today, it brings tears to your eyes. >>> we begin this morning with the scandal that cost cia director david petraeus his job. good morning to you erica, this stunning news comes on the heels of the president's triumphant reelection. he lead combat forces in iraq and afghanistan and was considered one of the top leaders of his generation. sources say his reputation was sterling. he was known for puttin
president obama and house speaker john boehner appear to be drawing lines in the sand on that looming fiscal cliff. big tax hikes and spending cuts that could take effect at the end of the year if they can't find a compromise. >>> also, it sounds crazy, but apparently it's real. you'll meet some people who are addicted to the internet. >>> and with prices skyrocketing at the super market, we have tips on stretching your dollar and making your groceries last longer....
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Nov 10, 2012
11/12
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president obama and house speaker john boehner appear to be drawing lines in the sand over that looming fiscal cliff. big tax hikes and spending cuts that could take effect at the end of the year. if washington can't find a compromise. that could have a big impact on your bottom line. we'll get you more on that in just a moment. >> also it sounds a bit crazy but apparently it's real. you'll meet some people who are addicted to the internet. >> plus with prices skyrocketing at the supermarket, as i'm sure you've noticed, every penny counts. we have some tips on stretching your dollars by making your everyday groceries last just a little bit longer. and speaking of money, some high profile women including the duchess of cambridge and first lady michelle obama, making it fashionable to recycle outfits. we'll tell you about the message it's sending to the rest of the world. >> i'll fess up, i wore this suit six weeks ago. all right we've dealt with it. and we'll introduce you to a true wonder dog. a poodle mix who was rescued from a trash heap, blind, and ver sick, thanks to some loving res
president obama and house speaker john boehner appear to be drawing lines in the sand over that looming fiscal cliff. big tax hikes and spending cuts that could take effect at the end of the year. if washington can't find a compromise. that could have a big impact on your bottom line. we'll get you more on that in just a moment. >> also it sounds a bit crazy but apparently it's real. you'll meet some people who are addicted to the internet. >> plus with prices skyrocketing at the...
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Nov 12, 2012
11/12
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boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the end of the day if we do go off the fiscal cliff that they're not blamed for it. they're the ones who looked reasonable, not unreasonable, and they're preparing for the other side to blame them for the opposite, if that makes sense. that's a lot of what you are saying in public. the reality is that neither side has a really clear machine date or clear vote and no one wants to look at the end of the day like they never gave compromise a chance. listen to republican bob corker, though, because there does seem to be a little bit of a crack on the republican side on whether or not it's okay to raise some taxes. >> i think there is a deal. the ying and yang is we know there has to be revenues, and i think -- look, i haven't met a wealthy republican or democrat in tennessee that's not willing to contribute more as long as they know we solve the problem. >> so he is saying, you know, maybe we can raise taxes for some of the wealthy,
boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the end of the day if we do go off the fiscal cliff that they're not blamed for it. they're the ones who looked reasonable, not unreasonable, and they're preparing for the other side to blame them for the opposite, if that makes sense. that's a lot of what you are saying in public. the reality is that neither side has a really clear...
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Nov 16, 2012
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we heard from speaker john boehner. he said that revenue is on the table. the issue here is that president obama has said he wants to increase tax rates on wealthy americans. the speaker and house republicans are still not on board with increasing tax rates, although perhaps closing some loopholes to raise some revenue, and even though there's a lot of kind of kumbaya going on here, suzanne, there's still a lot of tough work that needs to be done. they're still maybe punting on some of the important issues like tax reform and entitlement reform, but they'll be dealing with the fiscal cliff here in the near term. >> it's probably difficult to tell, but we see these pictures, and it's very common, right? you get about 30 seconds to see them all in a room together. they're patting each other on the back, smiling, and shaking hands, that kind of thick. do we have any sense of whether or not there were any different kind of tone or language when they were meeting behind closed doors that gives us a sense that maybe this is real? >> you know, i think, oh, to be a
we heard from speaker john boehner. he said that revenue is on the table. the issue here is that president obama has said he wants to increase tax rates on wealthy americans. the speaker and house republicans are still not on board with increasing tax rates, although perhaps closing some loopholes to raise some revenue, and even though there's a lot of kind of kumbaya going on here, suzanne, there's still a lot of tough work that needs to be done. they're still maybe punting on some of the...